Most listings are in the $30's per square foot per year. The Playhouse District region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Playhouse District submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Playhouse District are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this area are close to 3 stories. Most buildings in this region were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Playhouse District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.